Six Steps to Help Manage your Bathroom Renovation & Remain Within a Sensible Budget
If you are looking into renovating your bathroom soon then you’re more than likely aware of how expensive it can be, not to mention the time involved with such a task. That being said it will all be worth it in the long run, given that not only will it inevitably add value onto your home; but you will also be thoroughly satisfied with the end result. Budgeting for a bathroom renovation isn’t easy, as there are many things to consider with a wealth of products and ideas on the market.
We have put together a list of things to consider for you, so that you can appropriately budget for this project and endeavour to save as much money as you can.
1: Map it out
Understanding your bathroom and what needs to be done is crucial. How much space do you have available? What work needs doing? Do you need many cosmetic upgrades or are you just looking to freshen things up a bit? Do you need to re-work any of the plumbing? Start out by making a clear list of what you plan to do and then you can move onto the next phase of budgeting with a clear idea in mind.
2: Research Appropriate Prices
It is important that you spend an appropriate amount in relation to the value of your home. There’s no good spending £20,000 on refurbing your bathroom when your home is only worth £100,000. You essentially want to spend about 10% of the property value on a bathroom renovation.
3: What do you Plan to Change?
Bathroom renovations can be both costly and inexpensive, depending on how much work you are looking to do. If you’re changing fixtures and re-plumbing and increasing the square footage of your bathroom then this will inevitably begin to mount up. In order to set a realistic budget you will need to know exactly what you plan to do and then research various prices from a number of sources. The more you plan the easier it will be to stay on budget during the renovation process.
4: You’ll pay for more than the screen price
When you’re picking out all of your vanities, fixtures and other bits for your renovation, know that you will inevitably end up paying more than just the screen price. If you consider installation and other associated expenditure, you will be able to be more accurate with your overall costings.
5: Know what you’re unable to do without a professional
You may wish to take this project on, on your own, though be realistic about what you can achieve and what you may need help with. For example, I wouldn’t really fancy re-plumbing a bathroom on my own and I’m sure many of you won’t either.
You will likely have to make compromises if you are to save as much money as you can. Granted there will be certain items that you will want to splash out on for the best, though you may need to go for some mid-range quality items as well. Just decide what is most important for you and then go cheaper on the rest! You’ll be surprised how much this can significantly reduce your overall spending.
It’s an exciting time, so enjoy it. It will only be as stressful as you make it, so just endeavour to plan well and then it will all come good!